Nov. 14 at 3:26 AM
$PHM is currently trading at
$118.42, below its 30-day moving average (MA30) of
$122.45 and 50-day moving average (MA50) of
$127.14, indicating a bearish trend. The RSI at 41.63 suggests that the stock is nearing oversold conditions, but it is not yet in that territory, indicating potential for further downside. The recent high of
$142.11 and low of
$115.11 over the last 60 days creates a range that suggests a resistance level around the high and support near the low.
For a trade plan, consider entering a short position if the price breaks below
$115.11, with a stop loss set at
$119.00 to manage risk. Target 1 could be set at
$112.00, with Target 2 at
$110.00, aligning with the lower end of the recent range. Conversely, if the price reverses and breaks above
$120.00, a long position could be considered, with a stop at
$117.00 and targets at
$125.00 and
$130.00.
https://privateprofiteers.com
